JULY 16 WEDNESDAY

SHORT TERM TREND : BEARISH: TARGET RS 75.40

LONG TERM TREND : BEARISH : TARGET RS 68

S1 RS 78.60, S2 RS 77, S3 RS 75.40

R1 RS 82, R2 RS 83.60, R3 RS 85

PREFER SHORTS AT RS 81.80 TO 82

STOP LOSS RS 83.60

TARGET RS 78.60

LME Zincs big day will be on Wednesday , when

further news is expected on production cutbacks

in China to shore up domestic prices.

Standard Bank said the key issue wil be from

which level the proposed 10 % cut will be measured ,

as many of the operations are already running at sub

optimal capacity and have been doing so for some

time.

LME Zinc slipped $ 55 to $ 1950 per tonne.